Arcos Dorados (NYSE:ARCO) posted its earnings results on Tuesday. The restaurant operator reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.13), MarketWatch Earnings reports. Arcos Dorados had a negative net margin of 6.50% and a negative return on equity of 55.12%.
NYSE:ARCO traded up $0.06 during trading hours on Thursday, reaching $6.16. 1,433,836 shares of the company were exchanged, compared to its average volume of 1,023,161. The company has a current ratio of 0.78, a quick ratio of 0.71 and a debt-to-equity ratio of 4.96. The firm has a market cap of $1.27 billion, a PE ratio of -9.08 and a beta of 1.58. Arcos Dorados has a twelve month low of $3.03 and a twelve month high of $6.68. The stock’s 50-day moving average is $5.41 and its 200-day moving average is $5.13.
ARCO has been the topic of a number of analyst reports. Bradesco Corretora reaffirmed a “neutral” rating on shares of Arcos Dorados in a research note on Thursday, January 28th. TheStreet raised shares of Arcos Dorados from a “d+” rating to a “c-” rating in a report on Friday, May 7th. Zacks Investment Research upgraded shares of Arcos Dorados from a “sell” rating to a “hold” rating in a research report on Thursday, April 15th. Finally, The Goldman Sachs Group started coverage on Arcos Dorados in a research report on Wednesday, April 28th. They set a “neutral” rating and a $5.60 target price on the stock. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $5.77.
Arcos Dorados Holdings Inc operates as a franchisee of McDonald's restaurants. The company has the exclusive right to own, operate, and grant franchises of McDonald's restaurants in 20 countries and territories in Latin America and the Caribbean, including Argentina, Aruba, Brazil, Chile, Colombia, Costa Rica, Curacao, Ecuador, French Guiana, Guadeloupe, Martinique, Mexico, Panama, Peru, Puerto Rico, Trinidad and Tobago, Uruguay, the U.S.
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